Operation of 'Global High-Reliance Carbon Market' Next Year… Review of Digital Asset Issuance
4 Articles
4 Articles
(Sejong = Yonhap News) Reporter Lee Dae-hee = The government has decided to begin full-scale operation of the Global Value-Based Carbon Market (GVCM) starting next year.
[Digital Daily Reporter Kim Nam-gyu] The government is moving to establish an international carbon market utilizing blockchain technology. It plans to enhance transaction reliability by recording carbon reduction performance on the blockchain and is also considering issuing carbon credits in the form of digital assets in the future. On the 12th, Deputy Prime Minister and Minister of Finance and Economy Lee Hyung-il presided over the 274th Minis…
The government has modified the design of the 'GVCM,' an international carbon market led by Korea, to allow credits to be used in regulated markets as well as voluntary carbon markets. The plan envisions establishing an issuing body in which developing countries directly participate in operations, and enhancing reliability by recording key credit information on a blockchain. On the 12th, the government held a Ministerial Meeting on External Eco…
The government is moving to establish a 'Global Value-Based Carbon Market (GVCM)' that issues carbon credits for developing countries' greenhouse gas reduction achievements and trades them internationally.
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